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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (23931)10/11/2007 8:55:49 PM
From: energyplay  Read Replies (1) | Respond to of 217705
 
For about the next 5-7 years, i expect that gold will run out of steam between 2,000 and 3,000. Could it spike higher for about 1 or 3 weeks like it in the 1970s, and like silver ? Sure - just remember that's a narrow time window in which to sell physical.

Getting over 3,000 sustained will require another inflation/deflation/ boom/bust cycle. Or the election of Dick Cheney.

Somewhere north of 900-1200, many, many, many mine waste dumps become viable for heap leaching, expanding annual gold supply by 50% to maybe 3X at $1700.

That's assuming $120-150 oil.